{"id":491,"date":"2014-04-24T18:14:16","date_gmt":"2014-04-24T18:14:16","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?page_id=491"},"modified":"2021-07-19T09:03:29","modified_gmt":"2021-07-19T13:03:29","slug":"cyprus-citizenship-permanent-residency","status":"publish","type":"page","link":"https:\/\/www.investmentimmigration.com\/cyprus-citizenship-permanent-residency\/","title":{"rendered":"Cyprus Citizenship for Investors"},"content":{"rendered":"\r\n<div class=\"wp-block-image\">\r\n<figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" data-attachment-id=\"2066\" data-permalink=\"https:\/\/www.investmentimmigration.com\/cyprus-residence-investor-program\/cyprus-residence-investor-program-2\/\" data-orig-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program.jpg\" data-orig-size=\"275,183\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Cyprus Investor Immigration Program\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cyprus Investor Immigration Program&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program.jpg\" data-large-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program.jpg\" class=\"wp-image-2066\" src=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program-150x150.jpg\" alt=\"Cyprus Investor Immigration Program\" srcset=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program-150x150.jpg 150w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2014\/07\/Cyprus-Residence-Investor-Program-55x55.jpg 55w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p><strong>NOTE: The Cyprus citizenship-by-investment program is effectively closed. <a href=\"https:\/\/www.investmentimmigration.com\/cyprus-residence-investor-program\/\">Please consider residency-by-investment in Cyprus<\/a>.<\/strong><\/p>\r\n<p>Wealthy investors seeking citizenship within the European Union can apply for Cypriot citizenship under the Scheme for Naturalization of non-Cypriot Investors by Exception. Cyprus is a well-connected and centrally located country in the European Union. Cyprus also offers one of the most flexible investment immigration programs in the world as investors can choose to become permanent residents or citizens depending on their investment preferences<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Benefits of \u00a0Cyprus citizenship for investors:<\/h3>\r\n\r\n\r\n\r\n<ul>\r\n<li>The investor and his\/her family become citizens of Cyprus and the European Union.<\/li>\r\n<li>The Cypriot passport allows for visa-free travel throughout the European Union and more than 140 nations including the most developed countries in the world.<\/li>\r\n<li>Investors can seek long-term residence in other European Union member countries without onerous residence requirements.<\/li>\r\n<li>Access to a relaxed and comfortable lifestyle with quality healthcare and educational facilities.<\/li>\r\n<li>Ability to retain dual citizenship and passport of second country along with Cypriot citizenship.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<table class=\"wp-block-table is-style-stripes\">\r\n<tbody>\r\n<tr>\r\n<td>Population\u00a0<span style=\"color: #444444;\">(million)<\/span><\/td>\r\n<td><span style=\"color: #444444;\">1.12<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Country Size<\/td>\r\n<td><span style=\"color: #444444;\">9251<\/span>\u00a0km<sup><small>2<\/small><\/sup><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>GDP\u00a0<span style=\"color: #444444;\">(billion current USD)<\/span><\/td>\r\n<td><span style=\"color: #444444;\">21.34<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Earning per capita (current\u00a0USD)<\/td>\r\n<td>28,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Unemployment Rate<\/td>\r\n<td>15.9%<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Inflation Rate<\/td>\r\n<td>0.4%<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Passport Meter<\/td>\r\n<td><a href=\"https:\/\/www.investmentimmigration.com\/passport-meter\/\">Click Here<\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Cost Of Living<\/td>\r\n<td><a href=\"http:\/\/www.numbeo.com\/cost-of-living\/rankings_by_country.jsp\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Click Here<\/a><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Investment Requirements for the Scheme for Naturalization of non-Cypriot Investors by Exception<\/h3>\r\n\r\n\r\n\r\n<p class=\"p1\"><span class=\"s1\">All applicants must make a mandatory donation of \u20ac75,000 to the Foundation for Research and Innovation and a mandatory donation of \u20ac75,000 to the Cyprus Land Development Corporation. <\/span><\/p>\r\n\r\n\r\n\r\n<p class=\"p1\"><span class=\"s1\">Residence in the Republic of Cyprus: In all cases, the applicant must possess a permanent privately owned residence in the Republic of Cyprus, the purchase price of which must be at least \u20ac500.000.<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>A1. Investment in Real Estate, Land Development And Infrastructure<\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>Investment of at least EUR 2,000,000 to 2,500,000<\/strong><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li>Purchase or construction of real estate.<\/li>\r\n<li>Construction of other land development (residential or commercial development or development in the tourism sector) or other infrastructure projects.<\/li>\r\n<li>If the investment includes a primary residence for the investor, with a purchase price of at least \u20ac500,000, the total investment required is reduced to a minimum of \u20ac2 million instead of \u20ac2.5 million.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>A2. Purchase or establishment or participation in Cypriot companies or businesses<\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>Investment of at least EUR 2,000,000<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Purchase, establishment or participation in businesses or companies registered and operating in the Republic of Cyprus<\/p>\r\n\r\n\r\n\r\n<p><strong>A3. Investment in alternative investment funds or financial assets of Cypriot companies or Cypriot organisations licensed by the Cyprus securities and exchange Commission<br \/><\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>Investment of at least EUR 2,000,000<\/strong><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li>Purchase of units from Alternative Investments Funds (AIF) established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and whose investments are made exclusively in Cyprus, in investments that meet the criteria of the Programme or in areas approved by the Minister of Finance.<\/li>\r\n<li>Retain the investment for at least 3 years.<\/li>\r\n<li>Purchase of financial assets of Cypriot companies such as bonds, bills and securities issued with the approval of Securities and Exchange Commission.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>A4. Combination of investments \u2013 Investment in Government Bonds<br \/><\/strong><\/p>\r\n\r\n\r\n\r\n<p><strong>Investment of at least EUR 2,000,000<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Purchase of special government bonds up to EUR 500,000, with a combination of the previous investment options A1, A2, A3.<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Fees:\u00a0Cyprus\u00a0Citizenship Investor Immigration<\/h3>\r\n\r\n\r\n\r\n<table class=\"wp-block-table is-style-stripes\">\r\n<tbody>\r\n<tr>\r\n<td><strong>Applicant<\/strong><\/td>\r\n<td><strong>Application Submission Fee<\/strong><\/td>\r\n<td><strong>Certificate Issuance Fee<\/strong><\/td>\r\n<td><strong>Total<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Investor<\/td>\r\n<td>\u20ac2,000<\/td>\r\n<td>\u20ac5,000<\/td>\r\n<td>\u20ac7,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Spouse<\/td>\r\n<td>\u20ac2,000<\/td>\r\n<td>\u20ac5,000<\/td>\r\n<td>\u20ac7,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Adult Child<\/td>\r\n<td>\u20ac2,000<\/td>\r\n<td>\u20ac5,000<\/td>\r\n<td>\u20ac7,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Minor Child<\/td>\r\n<td>\u20ac80<\/td>\r\n<td>&#8211;<\/td>\r\n<td>\u20ac80<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Parents of investor<\/td>\r\n<td>\u20ac2,000<\/td>\r\n<td>\u20ac5,000<\/td>\r\n<td>\u20ac7,000<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Processing Time:\u00a0Cyprus\u00a0Citizenship Investor Immigration<\/h3>\r\n\r\n\r\n\r\n<p>The investor immigrant will be granted citizenship approximately three months after the date on which the receipt for payment of the Application Submission Fee is issued.<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Inclusion of Family Members:\u00a0Cyprus\u00a0Citizenship Investor Immigration<\/h3>\r\n\r\n\r\n\r\n<ol>\r\n<li>Spouse<\/li>\r\n<li>Children aged less than 18 years.<\/li>\r\n<li>Children aged 18 to 28 provided they are financially dependent on the applicant.<\/li>\r\n<li>Children aged 18 or over with a severe physical or mental disability that renders them unable to work.<\/li>\r\n<li>Parents of main applicant provided an additional \u20ac500,000 is invested in purchase of private residence in Cyprus.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Documents Required:\u00a0Cyprus\u00a0Citizenship Investor Immigration<\/h3>\r\n\r\n\r\n\r\n<ol>\r\n<li>Duly completed application form indicating choice of investment option.<\/li>\r\n<li>Birth Certificate of applicant, spouse, and children.<\/li>\r\n<li>Copy of passport<\/li>\r\n<li>Marriage Certificate<\/li>\r\n<li>Consent of non-Cypriot parent of the child of the applicant if applicable.<\/li>\r\n<li>Copies of advertisements in a daily newspaper published on two consecutive days<\/li>\r\n<li>Two passport size photographs<\/li>\r\n<li>Curriculum Vitae<\/li>\r\n<li>Proof of clean criminal record<\/li>\r\n<li>Proof of private residence in Cyprus<\/li>\r\n<li>Proof of Investment as per the preferred investment option<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Application Procedure:\u00a0Cyprus Citizenship Investor Immigration<\/h3>\r\n\r\n\r\n\r\n<p>Investor immigrants seeking citizenship in Cyprus are permitted to apply for citizenship within three years of making the investment. The investor will not be subjected to onerous residence requirements. The applicant is merely required to retain his\/her investments in Cyprus for a period of three years after grant of citizenship by naturalization. For more information about the application procedure for Naturalization of non-Cypriot Investors by Exception, please\u00a0<a href=\"https:\/\/www.investmentimmigration.com\/cyprus-investor-immigration\/\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>.\u00a0<a href=\"https:\/\/www.investmentimmigration.com\/cyprus-investor-immigration\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Click here<\/strong><\/a>\u00a0for an overview of the government policy towards investment immigration and detailed information on the formalities and procedures to be completed by the immigrant during the application process.<\/p>\r\n\r\n\r\n\r\n<p><strong>Related News Articles:<\/strong><\/p>\r\n\r\n\r\n\r\n<ol>\r\n<li><a href=\"https:\/\/www.investmentimmigration.com\/demand-for-the-cypriot-investment-immigration-program\/\" target=\"_blank\" rel=\"noopener noreferrer\">Investment Immigration Demand Aids Cypriot Construction Sector Recovery<\/a><\/li>\r\n<li><a href=\"https:\/\/www.investmentimmigration.com\/cyprus-citizenship-by-investment-program-garners-e2-5-billion-in-two-years\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cyprus Citizenship by Investment Program Garners \u20ac2.5 Billion in Two Years\u00a0<\/a><\/li>\r\n<li><a href=\"https:\/\/www.investmentimmigration.com\/new-cyprus-tax-benefits-and-exemptions-to-boost-investment-immigration\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cyprus Introduces New Tax Benefits and Exemptions to Boost Investment Immigration<\/a><\/li>\r\n<li><a href=\"https:\/\/www.investmentimmigration.com\/cyprus-investment-immigration-program-popular-option\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cyprus Investment Immigration Program \u2014 a Popular Option amongst the Global Elite<\/a><\/li>\r\n<\/ol>\r\n","protected":false},"excerpt":{"rendered":"<p>NOTE: The Cyprus citizenship-by-investment program is effectively closed. Please consider residency-by-investment in Cyprus. Wealthy investors seeking citizenship within the European Union can apply for Cypriot citizenship under the Scheme for Naturalization of non-Cypriot Investors by Exception. Cyprus is a well-connected and centrally located country in the European Union. Cyprus also offers one of the most&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P8hnWW-7V","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages\/491"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=491"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/pages\/491\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}